NVIDIA Co. (NASDAQ:NVDA) Position Reduced by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 621,941 shares of the computer hardware maker’s stock after selling 28,972 shares during the quarter. NVIDIA makes up about 7.9% of Kintegral Advisory LLC’s portfolio, making the stock its biggest holding. Kintegral Advisory LLC’s holdings in NVIDIA were worth $83,520,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. raised its stake in shares of NVIDIA by 46.1% during the 4th quarter. Thompson Davis & CO. Inc. now owns 11,455 shares of the computer hardware maker’s stock worth $1,537,000 after buying an additional 3,615 shares during the period. Carl P. Sherr & Co. LLC lifted its holdings in NVIDIA by 4.0% during the fourth quarter. Carl P. Sherr & Co. LLC now owns 28,042 shares of the computer hardware maker’s stock valued at $3,766,000 after purchasing an additional 1,071 shares in the last quarter. Winebrenner Capital Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $4,483,000. Navellier & Associates Inc. increased its stake in shares of NVIDIA by 6.6% during the fourth quarter. Navellier & Associates Inc. now owns 590,797 shares of the computer hardware maker’s stock worth $79,338,000 after purchasing an additional 36,412 shares in the last quarter. Finally, Wealth Management Nebraska purchased a new position in NVIDIA in the 4th quarter valued at about $1,004,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVDA. Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Morgan Stanley set a $162.00 price objective on NVIDIA and gave the company an “overweight” rating in a report on Wednesday, March 19th. KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

NVIDIA Stock Down 1.6 %

NVIDIA stock opened at $109.67 on Friday. The stock’s fifty day simple moving average is $125.01 and its 200-day simple moving average is $131.34. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The firm has a market capitalization of $2.68 trillion, a P/E ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 183,609 shares of company stock worth $22,642,615. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.